What is agreed value yacht insurance and why does it matter?

Agreed value yacht insurance pays the full insured value stated in the policy at the time of a total loss — with no depreciation deducted. This is the standard for high-value yachts in Fort Lauderdale and South Florida. The alternative, actual cash value (ACV), pays the depreciated market value at the time of loss, which can be significantly lower than what you paid or what the vessel is worth to you. For any yacht above $100,000, agreed value coverage is strongly recommended.

What does yacht liability insurance cover?

Yacht liability insurance covers bodily injury and property damage to third parties caused by the operation of your vessel. This includes damage to other boats, docks, or structures; injuries to guests, swimmers, or water skiers; and your legal defense costs if you're sued. Most lenders and marinas in Fort Lauderdale require a minimum of $300,000 to $1,000,000 in liability coverage. High-value yachts and those used for charter often require $1M to $5M or more.

Can I get charter yacht insurance in Fort Lauderdale?

Yes. Charter yacht insurance is a specialized coverage for vessels that generate revenue by carrying paying passengers. Standard recreational yacht policies exclude charter use — you need a policy specifically written for bareboat or crewed charter operations. Fort Lauderdale has one of the largest charter markets in the US, with dozens of vessels operating out of the Intracoastal and Port Everglades. NextGuard places charter coverage through specialty marine markets with experience in South Florida charter operations.

What is the Fort Lauderdale International Boat Show and should I update my coverage before it?

The Fort Lauderdale International Boat Show (FLIBS), held every October, is the largest in-water boat show in the world — with over 1,000 boats on display across 3 million square feet of exhibit space. If you're buying a yacht at FLIBS or displaying a vessel, make sure your coverage is in place before the show opens. New boat purchases need immediate coverage from the moment of transfer. Contact NextGuard before FLIBS to ensure your policy is ready: 754-337-9710.

NextGuard Insurance Agency Hollywood, FL · Licensed FL & NY

Fort Lauderdale · Marine Specialty Broker

Yacht Insurance
in Fort Lauderdale
that moves with the market.

Q: How much does yacht insurance cost in Fort Lauderdale?

Yacht insurance in Fort Lauderdale typically costs between 1% and 2.5% of the agreed hull value annually, depending on the vessel's age, length, construction, cruising area, and the owner's experience. A $500,000 yacht might cost $5,000–$12,500 per year. Superyachts above $1M are rated individually by specialist underwriters. Fort Lauderdale's Intracoastal location, hurricane exposure, and the vessel's offshore cruising range all affect the rate. Contact NextGuard for a personalized quote: 754-337-9710.

Q: Does yacht insurance in Florida cover hurricanes?

Yes, but the policy terms matter significantly. Most yacht insurance policies in Florida include hurricane coverage, but they require the owner to take reasonable precautions when a storm threatens — moving the vessel to a safe harbor, removing canvas, or securing the boat per the policy's hurricane plan requirements. Failure to follow the named storm plan can result in a claim denial. Fort Lauderdale's location on the Atlantic coast means hurricane preparedness planning is an essential part of your yacht insurance program.

Q: Do I need crew coverage on my yacht?

If you have paid crew aboard your yacht — captain, mate, chef, or deckhand — you need crew coverage. Paid crew are not covered under the owner's personal liability. Crew coverage includes Jones Act liability (the maritime equivalent of workers' compensation for seamen), employer's liability, and medical payments for injured crew members. In Fort Lauderdale, where professionally crewed yachts are common, this is a critical and often overlooked coverage.

Agreed value hull, superyacht programs, charter coverage, and crew liability — placed through 100+ specialty marine carriers. Local broker on the Intracoastal. Same-day quotes.

Call 754-337-9710 💬 WhatsApp Schedule a Call

Licensed FL & NY

100+ Marine Carriers

English · Español · Português

Same-day quotes

Fort Lauderdale Yacht Market

Registered vessels · Broward Co. 50,000+

Superyacht companies · S. Florida 30+

FLIBS — boats on display 1,000+

Intracoastal miles · Broward 165 mi

Min. agreed value hull we place $100K

Superyacht programs available Yes

Response time Same day

NextGuard Insurance Agency LLC · 3000 S Ocean Drive, Hollywood, FL 33019 · adolfo@nextguardinsurance.com

Also available in: 🇺🇸 English 🇪🇸 Español

50K+

Registered vessels
in Broward County

100+

Specialty marine
carriers accessed

In-water boat show
worldwide (FLIBS)

3 mi

From the Intracoastal
to our Hollywood office

What We Place

Yacht Insurance Coverage Built for South Florida

From day-sailors to 100-foot superyachts — every coverage structured for Fort Lauderdale's Intracoastal, offshore, and Caribbean cruising.

⚓

Agreed Value Hull

Full insured value paid at total loss — no depreciation deducted. The standard for high-value yachts in South Florida. We place agreed value from $100K to $50M+.

Most Important

🛡️

Yacht Liability

Bodily injury and property damage to third parties. Dock damage, wake damage, guest injuries. $300K to $5M+ available. Required by most Fort Lauderdale marinas.

Required by Marinas

👨‍✈️

Crew Coverage

Jones Act liability, employer's liability, and crew medical payments for paid captains, mates, and crew. Essential for professionally crewed yachts on the Intracoastal.

Professionally Crewed

🌊

Hurricane Coverage

Named storm coverage with hurricane plan compliance. Fort Lauderdale's Atlantic exposure requires a policy with a clear, executable hurricane preparedness plan built in.

Florida Essential

⛵

Charter Yacht Insurance

Bareboat and crewed charter operations. Standard recreational policies exclude revenue-generating use. We place charter coverage for operators in Fort Lauderdale and the Bahamas.

Revenue Operations

🚢

Superyacht Programs

Vessels 80 feet and above require specialist underwriting — Lloyd's, Atlass, and international marine markets. We place superyacht programs for Fort Lauderdale-based vessels up to $50M.

80ft+ Vessels

Who We Serve

Every Vessel Type on the Intracoastal

From cruising sailboats to expedition yachts — specialty coverage for every type of vessel based in Fort Lauderdale and South Florida.

⛵

Sailing Yachts

30 – 80 ft

🛥️

Motor Yachts

40 – 120 ft

🚢

Superyachts

80 ft+

🌊

Charter Vessels

Revenue use

🎣

Sport Fishing

Center console+

🏎️

High-Performance

Speed & go-fast

🏠

Liveaboards

Full-time residency

🌴

Bahamas-Ready

Extended cruising

Why NextGuard · Fort Lauderdale

We're on the water, not just near it.

Fort Lauderdale is the yachting capital of the world — 165 miles of navigable Intracoastal waterways, 50,000+ registered vessels in Broward County, and the world's largest in-water boat show every October. Our office is in Hollywood, 3 miles from the Intracoastal. We know this market because we live in it.

That matters for insurance. The navigational territory your yacht operates in — Intracoastal, offshore, Bahamas, Caribbean — directly affects your policy terms and premium. Underwriters want to know where the boat goes, where it's stored, what your hurricane plan is, and whether you have paid crew. We know how to present your risk to get the best terms.

We're also trilingual — English, Spanish, and Portuguese — which matters in Fort Lauderdale's international yacht market, where Venezuelan, Brazilian, Argentine, and Colombian yacht owners are a significant part of the ownership base.

Get Your Yacht Quote

165 miles

Navigable Intracoastal Waterways in Broward County

50,000+

Registered vessels in Broward County

$1B+

In boats sold annually at FLIBS (Fort Lauderdale Boat Show)

30+

Superyacht shipyards and service companies within 10 miles

3 miles

From our Hollywood office to the Intracoastal Waterway

Common Questions

Yacht Insurance FAQ — Fort Lauderdale

Questions we get every week from Fort Lauderdale yacht owners — answered directly.

How much does yacht insurance cost in Fort Lauderdale?+

Typically 1%–2.5% of the agreed hull value annually. A $500,000 yacht runs $5,000–$12,500/year. Superyachts above $1M are rated individually. Your cruising area, storage, hurricane plan, and experience all affect the rate. Call 754-337-9710 for a same-day quote.

What is agreed value yacht insurance?+

Agreed value pays the full insured amount at total loss — no depreciation. The alternative, actual cash value (ACV), pays the depreciated market value, which can be far less than you expect. For any yacht above $100K, agreed value is the standard and strongly recommended.

Does yacht insurance in Florida cover hurricanes?+

Yes — but your policy requires following the hurricane plan. If a named storm threatens and you don't move, secure, or haul the vessel per the policy's requirements, a claim can be denied. We build hurricane preparedness planning into every placement we make in South Florida.

Do I need crew coverage on my yacht?+

If you have paid crew — captain, mate, chef, deckhand — yes. Paid crew are not covered under the owner's liability. You need Jones Act coverage (maritime workers' comp) and employer's liability. This is one of the most commonly missed coverages on Fort Lauderdale yachts with professional captains.

Can I charter my yacht and keep my insurance?+

Not with a standard recreational policy — charter use voids it. You need a policy specifically written for charter operations. Fort Lauderdale has one of the largest charter markets in the US. We place bareboat and crewed charter coverage for operators in Broward and the Bahamas.

Should I update my coverage before FLIBS?+

Absolutely — especially if you're buying. New yacht purchases need coverage in place from the moment of transfer. If you're displaying a vessel at the Fort Lauderdale Boat Show, confirm show coverage with your policy. Call us before October: 754-337-9710.

Yacht Insurance Guides

From the NextGuard Marine Desk

Complete Guide · EN

Yacht Insurance Fort Lauderdale: Complete Guide 2026

Everything Fort Lauderdale yacht owners need to know — hull, liability, crew, hurricane, and charter coverage explained.

Guía Completa · ES

Seguro de Yate en Fort Lauderdale: Guía Completa en Español

Todo lo que los propietarios de yates en Fort Lauderdale necesitan saber — en español, con un corredor local trilingüe.

Pricing Guide · EN

How Much Does Yacht Insurance Cost in Fort Lauderdale?

Real numbers on yacht insurance pricing in South Florida — by vessel size, value, cruising area, and coverage type.

Ready to protect your yacht?

Fort Lauderdale's specialty marine broker. Agreed value hull, superyacht programs, charter, and crew coverage — same-day quotes, local knowledge, trilingual team.

💬 WhatsApp +1 786-597-0780 Call 754-337-9710 Schedule a Consultation

Or email: adolfo@nextguardinsurance.com · English · Español · Português

NextGuard Insurance Agency LLC is a specialty commercial brokerage licensed in Florida and New York. This page is for informational purposes only and does not constitute a binding insurance offer. Coverage terms, conditions, and availability vary by carrier and vessel. Contact us for a personalized quote.

Location

3000 S Ocean Drive

Hollywood, Fl. 33019

Contact